“Money is like the sixth sense without which you can’t completely enjoy the other five”, Money can be a poor man's soul and a rich man's honour but whats the limit that you would call yourself rich ?

My idea of being rich is constant flow of income with an annual increase of 20%.Bank balance can never make you rich but constant inflow and proper investments can surely.Being rich does not mean flaunting your money and assets its about being able to fulfil your desires.

When would you call yourself rich ?

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There are four kinds of people to avoid in the world: the assholes, the asswipes, the ass-kissers, and those that just will shit all over you.

Because as you become richer you start hanging out with people that are slightly richer than you and then you fall into that damn trap.......

So even after buying a million dollar house I am not rich because I am still driving Toyota Camry and I should have bought a E350 ( Like Kali ) .

But then my friend has a two houses and one is on the beach valued at 2.3Mil.

So help me God when does this stop.........

When you are not perturbed by any of this. There is nothing more satisfying than the richness of the soul......

OM Jai Shri John Lennon ............

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Here's what I feel. If I can earn a passive income that exceeds all my expenses, I am rich.

Say for example, I have $3 million, I can invest in US treasuries at 7%. So my annual income is $210,000. If I can live lavishly, without any debt, for < $210,000, then I'm rich. Not only is my principal protected, I am adding to it every year. I also have the luxury of doing whatever I want to do without worrying about finances.

Does it work that way? Doesn't whims and desires increase in proportion to finances? Pl read Dirty below ... he writes sense.

Quote:

Originally Posted by Sane Less

When I can go business/first class back and forth to India (tickets for all of my family)... and not worry about the prices... I can call myself rich

:

Isn't it a trap? Will you be able to enjoy traveling economy ever again? Don't think so.

Why do you think our Kaangressis and their cohorts steal public money by thousands of crores? Because they will need all the money they can steal to live lifestyle they have become accustomed to at tax payers expense.

Quote:

Originally Posted by dirty

Nothing because there is always someone richer than you ........... Because as you become richer you start hanging out with people that are slightly richer than you and then you fall into that damn trap.......So even after buying a million dollar house I am not rich because I am still driving Toyota Camry and I should have bought a E350 ( Like Kali ) . But then my friend has a two houses and one is on the beach valued at 2.3Mil. So help me God when does this stop.........When you are not perturbed by any of this.

Okay ... fair enough.

There is nothing more satisfying than the richness of the soul......

Bullshit ...

Quote:

Originally Posted by kalidas

Good topic.

Here's what I feel. If I can earn a passive income that exceeds all my expenses, I am rich.

Say for example, I have $3 million, I can invest in US treasuries at 7%. So my annual income is $210,000. If I can live lavishly, without any debt, for < $210,000, then I'm rich. Not only is my principal protected, I am adding to it every year. I also have the luxury of doing whatever I want to do without worrying about finances.

Fair I guess ...

Quote:

Originally Posted by PeaceSeeker

1 crore sans liabilities should be fine for me.

What sort of annual interest return do you expect on a crore? Have you given a thought to inflation? An ordinary flat costs more than that in minor cities.

Quote:

Originally Posted by Jagmohan

What would make you feel, "Yes, I'm rich"?

Depressing ... not in this thread bhai saheb.

edit/add ... Jagmohanji, I recall reading ... one of your children is a doctor? You must be a made man by now? How does it feel? Has it been a smooth life or were there struggles? Were there any doubts ever? Regrets if any? Most of us here are married with kids at different stages of studies ... I can speak on behalf of all of us ... look forward to the day when we fix ourselves a stiff drink, lie down on sofa all relaxed and declare with a smile ... "well, I did all right, didn't I!" ... do you often? Please disregard if too personal ...

Isn't it a trap? Will you be able to enjoy traveling economy ever again? Don't think so.

Why do you think our Kaangressis and their cohorts steal public money by thousands of crores? Because they will need all the money they can steal to live lifestyle they have become accustomed to at tax payers expense.

...

Already in that stage. I hate traveling economy... feel as if I am being herded with cattle and sheep That's is why I am poor... and I want to feel rich

Maybe politics will help... maybe I should join Congress... maybe then I can buy my own Sea Harrier

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"Hinduism brought a multitude of religions under one roof and survived for eons. Christianity and other religions will need to do the same or perish." - saneless

edit/add ... Jagmohanji, ... look forward to the day when we fix ourselves a stiff drink, lie down on sofa all relaxed and declare with a smile ... "well, I did all right, didn't I!" ... do you often? Please disregard if too personal ...

.

Please badri don't speak for me.............

I rather be poor ....... then lie down on Sofa with Jagmohan. And definitely not interested in getting either stiff or drunk with him......

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Fair use is a limitation and exception to the exclusive right granted by copyright law to the author of a creative work. In United States copyright law, fair use is a doctrine that permits limited use of copyrighted material without acquiring permission from the rights holders. Examples of fair use include commentary, criticism, news reporting, research, teaching, library archiving and scholarship. It provides for the legal, unlicensed citation or incorporation of copyrighted material in another author's work under a four-factor balancing test.